Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive.

Muhtar Kent, Coke’s chief executive, said “in many respects” it was easier doing business in China, comparing the country with a well-managed company. “You have a one-stop shop in terms of the Chinese foreign investment agency and local governments are fighting for investment with each other,” he told the Financial Times.

Mr Kent also pointed to Brazil as an example of an emerging economy that is making itself attractive to investment in ways that the US once did.

“They’re learning very fast, these countries,” he said. “In the west, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment.”

Mr Kent argued that US states did not compete enough with each other to attract businesses while Chinese provinces were clamouring to draw investment from international companies. Meanwhile, he said, China’s budget discipline and rapid economic growth made it an appealing place to set up operations.

Only reflecting the truth of what's been going on in the business community for a very long time.

09-27-2011, 11:15 AM

Novaheart

Quote:

Originally Posted by djones520

A - Muhtar Kent, Coke’s chief executive,

B - said “in many respects” it was easier doing business in China, comparing the country with a well-managed company.

C - “You have a one-stop shop in terms of the Chinese foreign investment agency and local governments are fighting for investment with each other,” he told the Financial Times.

A - Muhtar Kent was born 1952 in New York, USA where his father, Necdet Kent, was the Turkish consul-general. Muhtar Kent is of the Muslim faith. After completing high school at Tarsus American College in Mersin, Turkey in 1971, Muhtar Kent went to the United Kingdom to study at the University of Hull.

If the chemicals weren't enough reason to stop drinking Coke, it appears the Moslem son of the Turkish consul doesn't like the way the dhimmies run our government.

B - No one has questioned that there are more efficient kinds of government than the western style democracy in general and American democracy in particular. Don't let the door hit you in the ass Muhtar.

C - Yeah, Muhtar, you don't have all those pesky consumer groups working on the FDA to make you stop putting organ damaging poisons in your foods. Would you like some Melamine with that?

09-27-2011, 11:31 AM

Tipsycatlover

Few companies like the way the liberals run our government. GE moved an entire unit to China. Catarpillar opened its new factory in China. Steve Wynn said that he now considered his company to be a Chinese company. As the US becomes more restrictive and oppressive, China becomes that much more free. The more taxes we impose, the less they impose, the more useless regulations we come up with, the less China imposes.

Fortunately for us, China has no problem moving here and arm twisting to get what it wants. It has the money to do a lot of twisting. As China bleeds off our industries, it brings them back, as Chinese companies, to buy the loyalty of Americans. It's quite clever really.

09-27-2011, 12:19 PM

Novaheart

Quote:

Originally Posted by Tipsycatlover

Few companies like the way the liberals run our government. GE moved an entire unit to China. Catarpillar opened its new factory in China. Steve Wynn said that he now considered his company to be a Chinese company. As the US becomes more restrictive and oppressive, China becomes that much more free. The more taxes we impose, the less they impose, the more useless regulations we come up with, the less China imposes.

What percentage of the Chinese operation of an American company is held by the Chinese government (outwardly or through Chinese corporations) in "partnerships" like GE and others have entered into?

There's nothing wrong with China usurping all of our industry. They will bring it back, once property values are worthless and people will take anything for work. It's how to build loyalty among the population. I like what the Chinese are doing. I've seen it several times, get rid of the unions, spread prosperity, refurbish the crumbling. There's nothing wrong with a single bit of it.

09-28-2011, 05:37 PM

Hawkgirl

Mandarin, learn it.

09-28-2011, 10:10 PM

Wei Wu Wei

lol why doesn't everyone here just move to china then?

09-28-2011, 10:27 PM

Hawkgirl

Quote:

Originally Posted by Wei Wu Wei

lol why doesn't everyone here just move to china then?

Conservatives don't threaten to move like liberals do...we just adapt, plan and eventually, take our country back.:D